Social media has shown that using it, you can take your business to the uppermost level. In a decade, the social network has transformed people’s relationship, privacy, the news media and their business.
Now that many corporations have mastered the tricky art of signing Facebook account and the next step should be leveraging many social media tools in a meaningful way that impact your brands. We know that a more open and connected world is always a better world. It brings the stronger relationship with those you love, a better society and more opportunities for businesses.
At this time, everything is possible by using Facebook. This social networking website has proved how much using social media for the growth of the company can be helpful. It’s social media who ha change the channel and mode of doing business.
If we talk about in what sense Facebook has changed the business model has changed completely.
1: Expansion
The top leading companies are day by day maximizing the number of employees with the help of Facebook advertisement. The reach of companies has been expanded because of this social media. If we compare this year from the year 2011, we will find 20-30% increment on companies’ expansion. And as the social media has rapidly gained popularity, no doubt why businesses have grown larger with Facebook ads.
2: Identity
It’s a bit tough for the startups get visibility to digitized market very soon. Hence, by building the Facebook account, those companies have a great platform to show the identity. For the last few years, the companies have been much focused on how to interact with customers and deliver them the companies’ latest brand from their Facebook page.
The social media has the power to reshape the model of business completely. Earlier this year, Facebook has announced a new design for Facebook pages. Although it won’t give much effect to product’s ad but will definitely give a new overlook to the brand.
3: Stay Focused on Other’s Activity
The world is on Facebook and so the companies have the great advantage to keep updating about each and every activity of their competitors. At the time when you post anything on Facebook, check whether your competitor has done the same way or not. These are the small things which can let you get leads and much engagements.
These were the way through which mode of business has been changed but most importantly I would like to add a point which is –
Users are Changing Facebook
According to a survey, in the year 2014, a decade after its launch approximately 56% of web users aged 65 and older have a Facebook account and 40% of people were connected with the people whom they never met.
Groups have given the different way to get attached to the belongings. Many businesses have used Facebook in a different way to promote their product by posting brand related images and videos on the wall and followed many other tactics to get engagement and generating leads.
Wrapping words
The more social media will be updated with latest features the more will businesses get ways to improve their visibility through Facebook. Here, the more you will explore the more you will be in lead from others. The above paragraphs have described briefly that how Facebook has changed the business model. If you have some more points regarding this topic then please share with us.
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The post How has Facebook Completely Changed the Business Model? appeared first on Facedominator Blog.